PYPL Options History — July 2019

In July 2019, PYPL traded between $110.76 and $121.17. ATM implied volatility averaged 27.1%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 9.3% (HV 20d: 17.8%). Max pain ranged from $105.00 to $120.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.76.

Notable Days

2019-07-25: Highest Volume — 111,332 contracts
2019-07-25: Largest IV drop — 21.8% change
2019-07-09: Highest IV Rank — 33.7%
2019-07-22: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.43	$110.76	$121.17	$114.92	$110.76
Max Pain	$115.45	$105.00	$120.00	$105.00	$116.00
ATM IV	27.1%	20.6%	29.9%	28.6%	22.6%
Expected Move	7.4%	5.6%	8.8%	6.1%	6.6%
HV 20d	17.8%	11.2%	24.0%	22.1%	23.9%
HV 60d	24.9%	23.8%	26.4%	24.9%	26.0%
IV Rank	23.8%	1.0%	33.7%	29.2%	8.2%
IV Percentile	43.4%	0.8%	61.1%	51.2%	15.5%
Term Structure	-0.8%	-1.8%	0.2%	-1.0%	-0.1%
VWIV	25.9%	19.9%	30.6%	21.4%	22.8%
Skew 25d	3.4%	1.8%	4.7%	4.7%	2.6%
Skew 10d	6.6%	3.3%	9.8%	9.2%	4.8%
Call IV 25d	25.5%	19.8%	28.3%	26.4%	21.7%
Put IV 25d	28.9%	21.5%	31.9%	31.1%	24.3%
Bid-Ask Spread %	5.97	2.70	16.69	12.71	4.73
Gamma HHI	0.12	0.07	0.18	0.11	0.07
Net GEX	31.6M	-2.2M	55.4M	34.6M	650.1K
Net DEX	-978.9M	-1.41B	-211.6M	-932.6M	-211.6M
Net VEX	-5.8M	-6.3M	-5.5M	-5.9M	-6.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.30	1.24	0.72	1.02
Total Volume	36,419.045	13,902	111,332	21,772	56,531
Total OI	415,470	354,582	451,608	400,500	451,608

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-07-01	$114.92	$105.00	28.6%	6.1%	22.1%	29.2%	21.4%	4.7%	-1.0%	34.6M	-932.6M	-5.9M	0.72	12.71	12,639	9,133	201,024	199,476
2019-07-02	$115.90	$105.00	27.7%	5.6%	19.1%	25.9%	20.1%	4.3%	-0.8%	39.1M	-1.06B	-5.7M	1.03	12.97	10,920	11,262	204,763	203,512
2019-07-03	$117.33	$105.00	27.5%	5.6%	18.4%	25.5%	19.9%	4.3%	-0.8%	44.1M	-1.21B	-5.8M	0.74	16.69	8,658	6,418	208,701	208,062
2019-07-05	$117.01	$115.00	28.2%	7.9%	18.3%	28.0%	27.0%	4.7%	-1.1%	35.5M	-1.18B	-5.7M	0.81	3.48	14,617	11,851	209,135	209,376
2019-07-08	$116.99	$115.00	28.5%	8.0%	16.8%	29.0%	27.3%	4.3%	-0.2%	43.2M	-1.09B	-5.8M	0.63	2.70	8,504	5,398	201,436	201,097
2019-07-09	$118.24	$115.00	29.9%	8.0%	16.6%	33.7%	27.9%	4.2%	-1.8%	47.0M	-1.23B	-5.7M	0.30	3.57	27,837	8,458	203,649	203,193
2019-07-10	$119.42	$115.00	29.0%	7.9%	16.1%	30.7%	27.8%	3.9%	-1.5%	52.6M	-1.34B	-5.5M	0.64	3.54	23,222	14,860	207,879	206,793
2019-07-11	$120.28	$115.00	28.4%	7.8%	16.1%	28.4%	28.4%	4.0%	-1.2%	55.4M	-1.41B	-5.5M	0.47	3.43	21,553	10,055	210,482	212,701
2019-07-12	$119.88	$115.00	27.6%	7.7%	16.0%	25.9%	26.9%	3.4%	-1.3%	53.5M	-1.38B	-5.5M	0.55	4.95	16,531	9,028	213,017	216,519
2019-07-15	$120.82	$115.00	27.8%	7.9%	15.9%	26.5%	27.6%	3.5%	-1.0%	51.6M	-1.37B	-5.6M	0.67	4.68	8,738	5,865	204,714	210,712
2019-07-16	$119.78	$115.00	28.3%	8.1%	16.2%	28.3%	29.8%	3.4%	-0.9%	47.3M	-1.28B	-5.6M	1.10	4.46	10,462	11,554	206,650	212,787
2019-07-17	$119.09	$115.00	28.4%	8.1%	16.0%	28.6%	27.6%	3.6%	-0.8%	41.0M	-1.18B	-5.7M	1.24	7.16	11,454	14,248	209,172	218,986
2019-07-18	$119.83	$120.00	29.2%	8.4%	15.8%	31.4%	28.8%	3.4%	-1.3%	43.6M	-1.25B	-5.9M	0.80	5.41	11,013	8,784	214,681	225,992
2019-07-19	$118.97	$120.00	29.3%	8.5%	15.2%	31.7%	29.5%	3.6%	-0.9%	19.9M	-1.15B	-5.8M	0.63	3.89	17,041	10,662	217,287	227,771
2019-07-22	$118.72	$120.00	29.6%	8.8%	13.3%	32.7%	30.6%	3.4%	-0.8%	21.5M	-815.0M	-5.7M	1.04	3.64	11,087	11,569	170,171	184,411
2019-07-23	$119.99	$120.00	28.3%	8.5%	13.8%	28.1%	28.8%	3.0%	-1.3%	24.7M	-908.6M	-5.7M	0.50	4.06	22,727	11,264	174,063	190,335
2019-07-24	$121.17	$120.00	28.1%	8.6%	11.2%	27.5%	29.9%	2.6%	-1.2%	29.5M	-1.02B	-5.8M	0.89	4.76	33,106	29,443	182,885	195,757
2019-07-25	$115.55	$120.00	22.0%	6.3%	21.1%	5.9%	22.0%	2.0%	0.2%	-2.2M	-436.9M	-5.9M	0.69	6.08	65,833	45,499	207,422	224,322
2019-07-26	$115.20	$119.00	20.6%	5.9%	20.9%	1.0%	20.5%	1.8%	0.2%	-1.3M	-490.9M	-6.0M	0.50	5.42	34,852	17,314	224,277	222,746
2019-07-29	$111.49	$118.00	22.8%	6.6%	24.0%	9.0%	23.0%	2.2%	-0.3%	5.6M	-276.7M	-5.9M	0.99	6.49	31,688	31,435	210,150	203,115
2019-07-30	$112.06	$117.00	22.7%	6.6%	23.9%	8.4%	23.1%	2.5%	-0.4%	8.6M	-327.9M	-6.1M	0.68	6.51	34,631	23,475	219,008	210,503
2019-07-31	$110.76	$116.00	22.6%	6.6%	23.9%	8.2%	22.8%	2.6%	-0.1%	650.1K	-211.6M	-6.3M	1.02	4.73	27,954	28,577	229,541	222,067